The World Dongguan Entrepreneurs Convention has been making great strides in uniting local entrepreneurs and helping them to establish their brands.

The two-day event, which kicked off on Thursday, is sponsored by the World Dongguan Entrepreneurs Federation. A ceremony commending 10 outstanding young Dongguan entrepreneurs is one highlight of the convention. The capital summit for entrepreneurs to brainstorm about the city's future is another.

Contracts for 11 projects, four industrial ones with investment surpassing 27 billion yuan and seven financial service ones entailing capital input of 3.5 billion yuan and a total credit line of 20 billion yuan, will be signed during the convention.

And a fund of funds for industrial mergers and acquisitions called Dongguan's "multiplication plan" will be launched during the capital summit. Established in 2012 by the first union of local business people in Dongguan, Guangdong province,the federation has set up a dozen overseas branches in regions and countries including Australia, Canada, South Africa, Malaysia and the United States, and domestic branches in Kashgar, Xinjiang Uygur autonomous region. These chapters act as a conduit for information and business exchanges.

The federation's membership has increased from over 500 in 2012 to nearly 1000 in 2017 when Dongguan Investment Group was established with a registered capital of 10 billion yuan ($1.45 billion).

The group is a shining example of how Dongguan entrepreneurs can move forward as a whole. Cosponsored by over 150 well-known private enterprises in Dongguan with capital from over 900 members of the World Dongguan Entrepreneurs Federation, the group has now become a bridge to the world and the highest-level investment platform in Dongguan.